NEW YORK, June 27, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. [NYSE: AKP] (the "Fund") today released its monthly portfolio update as of May 31, 2013.

Alliance California Municipal Income Fund, Inc.

Top 10 Fixed-Income Holdings

Portfolio %

1) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26

4.52%

2) San Francisco City/Cnty CA Pub Util Wtr

4.39%

Series 2012C 5.00%, 11/01/26

3) Los Angeles Cnty CA Met Trnsp Auth (Los

3.89%

Angeles Cnty Ca Mta Sales Tax) 5.00%,

7/01/25

4) California Pub Wks Brd (Univ Of California

3.52%

Lease) Series 2011A 5.25%, 12/01/26

5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca

3.25%

Cra Grand Ctrl) AMBAC Series 02 5.375%,

12/01/26

6) Los Angeles CA Harbor Dept 5.00%, 8/01/26

3.15%

7) Puerto Rico Sales Tax Fin Corp. Series 2011A

2.99%

5.00%, 8/01/43

8) Port of Oakland CA Series 2012P 5.00%,

2.88%

5/01/29

9) Clovis CA USD GO Series 2012A 5.00%,

2.51%

8/01/28

10) San Diego Cnty CA Regl Trnsp Commn Series

2.44%

2012A 5.00%, 4/01/28

Sector/Industry Breakdown

Portfolio %

Revenue

Water & Sewer

15.26%

Electric Utility

8.06%

Port

6.03%

Revenue - Miscellaneous

5.84%

Higher Education - Public

3.52%

Airport

2.64%

Higher Education - Private

2.42%

Primary/Secondary Ed. - Private

1.49%

Health Care - Not-for-Profit

1.37%

Industrial Development - Utility

0.20%

SUBTOTAL

46.83%

Tax Supported

Special Tax

22.32%

Local G.O.

10.18%

Tax-Supported Local Lease

3.49%

State G.O.

2.38%

Assessment District

2.04%

Tax-Supported State Lease

1.80%

SUBTOTAL

42.21%

Insured/Guaranteed

Insured

6.76%

SUBTOTAL

6.76%

Asset-Backed

Housing - Multi-Family

2.81%

SUBTOTAL

2.81%

Cash Equivalents

Investment Companies

0.83%

SUBTOTAL

0.83%

Prerefunded/ETM

0.56%

Total

100.00%

State Breakdown

Portfolio %

California

92.31%

Puerto Rico

4.55%

Guam

1.06%

Nevada

1.05%

Ohio

0.20%

Other

0.83%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

AAA

15.31%

AA

52.04%

A

20.72%

BBB

6.02%

BB

1.46%

Not Rated

3.06%

Pre-refunded Bonds

0.56%

Short Term Investments

0.83%

Total Investments

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

1.39%

1 to 5 years

1.30%

5 to 10 years

7.17%

10 to 20 years

78.16%

20 to 30 years

8.97%

More than 30 years

3.01%

Other

0.00%

Total Investments

100.00%

Portfolio Statistics:

AMT Percentage:

13.64%

Average Coupon:

5.34%

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

36.52%

Tender Option Bonds:

4.25%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

40.77%*

Average Effective Maturity:

6.16 Years

Effective Duration:

5.40 Years

Total Net Assets:

$198.65 Million**

Common Stock Net Asset Value:

$14.74

Number of Holdings:

77

Portfolio Turnover:

46%

* The total percentage of leverage constitutes 4.25% through the use of tender option bonds, 36.52% in issued and outstanding preferred stock and 0.00% in investment operations, which may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.

** Includes 72,550,000 of preferred stock at liquidation value.

The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.